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ICOM Part 2 English Medium Principles of Banking Chapter 11 MCQ's Test
Start Chapter 11 TestICOM Part 2 Principles of Banking Chapter Wise Online MCQ's Test
MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 11 Online Test"
Try The MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 11 Online Test"
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Total Questions15
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Time Allowed20
Principles of Banking Icom Part 2 English Medium Chapter 11 Online Test
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Question # 1
What is the nature of credit instrument IOU
Question # 2
Which letter of credit is issued for a single or particular transaction:
Question # 3
Which type of letter of credit authorized the exporter to obtain an advance before the shipment of goods
Question # 4
Which one can be crossed :
Question # 5
Which of the following is an order of payment by one post office for another post office
Question # 6
What is recieved by the post office on money order:
Question # 7
Where are the stock certificates sold and bought
Question # 8
Which of the following parties of a letter of credit is called beneficiary
Question # 9
What does the bank receive on issuing a letter of credit:
Question # 10
Which of the following is a non-commercial letter of credit
Question # 11
The important types of banker's letter of credit:
Question # 12
I Owe You is a written instrument drawn by
Question # 13
Which of the following is used to finance the people who want to travel abroad
Question # 14
Which letter of credit is automatically renewed by fulfilling certain conditions
Question # 15
If there is no guarantee to honour a letter of credit then it is called:
ICOM Part 2 English Medium Principles of Banking Chapter 11 MCQ's Test
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M Mubashira 10 - Jul - 2021 00 Min 09 Sec 15/15 -
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H Hassan Abid 22 - Jun - 2022 01 Min 10 Sec 15/15 -
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A ALI AZAM 09 - Jul - 2021 01 Min 48 Sec 13/15
| Sr. # | Question | Answer |
|---|---|---|
| 1 | The first stage or step between importer and exporter for the purpose of sale and purchase is: |
A. Oath or undertaking B. Agreement C.Contract with bank D. Issuing of L.C |
| 2 | The important types of banker's letter of credit: |
A. Two B. Three C.Four D. None of these |
| 3 | What does IOU mean |
A. I am a debtor to you B. I am a creditor to you C.Both a and b D. None of these |
| 4 | Which of the following is a non-commercial letter of credit |
A. Irrevocable letter of credit B. Red-clause letter of credit C.Special letter of credit D. Traveller's letter of credit |
| 5 | If there is no guarantee to honour a letter of credit then it is called: |
A. Confirmed letter of credit B. Irrevocable letter of credit C.Unconfirmed letter of credit D. None of the above |
| 6 | Stock certificate is a document issued by |
A. Commercial bank B. Central bank C.Limited companies D. Stock-market |
| 7 | The letter of credit which can be endorsed to another person is called: |
A. Special L.C B. Transferable L.C C.Resolving L.C D. None of the above |
| 8 | Which letter of credit is issued for a single or particular transaction: |
A. Fixed B. Revocable C.Red clause D. Green Clause |
| 9 | Which of the following gets facility due to commercial letter of credit: |
A. Home traders B. Exporter C.Importer D. Both exporter and importer |
| 10 | If the exporter is not the receiver (beneficiary) of money then a letter of credit is called: |
A. Resolving B. Back to Back C.Transferable D. None of the above |
| 11 | Which of the following is an order of payment by one post office for another post office |
A. Postal order B. Money order C.Both a and b D. None of these |
Test Questions